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⚠️🐂👋 ATTENTION #BTC‬ 👋🐂⚠️ Bitcoin Recovers After Local Dip as Crypto Market Remains Optimistic A new day has begun, and cryptocurrency investors saw Bitcoin reach a local bottom about 12 hours ago. At the time of writing, the price was recovering. The fluctuation in Bitcoin’s price was not a surprise, and there were no major negative developments to worry investors. So, how are cryptocurrencies starting this Sunday? The king cryptocurrency hit a low of $50,625 around 17:30 local time yesterday. It then surpassed $52,000 again a few hours before the daily close. This was not permanent due to profit-taking, but it’s not too significant. Weekend markets are generally low in volume, so the impact of profit-taking on prices is more pronounced. If we start seeing strong ETF inflows again from Monday, motivation could increase. There are no major problems on the macro front, but we should not forget that the market’s excessive optimism may continue to be tempered as the halving approaches. While this could weaken risk markets, it’s not terrible for BTC due to halving expectations and ETFs. Miners continue to sell. Their reserves have dropped to 1.92 million, but they may start to slow down sales if ETF-related demand continues to outpace the newly issued supply by 20-30 times. Although the decrease in reserves seems rapid, it’s the same as the figures at the beginning of December 2023. Miners are largely switching to accumulation during the rise and now continue profit sales to support their liquidity. This is not abnormal, especially since post-halving increased costs and decreased new BTC supply will necessitate more cash. Current State of Cryptocurrencies There is no massive meltdown in cumulative value, and the BTC correction did not trigger as big of a sell-off in altcoins as feared. All of this is positive. The winners of the week are SC, BGB, VET, AR, STX Coin, which gained over 44% weekly. While the cumulative value of cryptocurrencies continues to target $2.1 trillion, volumes have shrunk by nearly 20% daily.
⚠️🐂👋 ATTENTION #BTC‬ 👋🐂⚠️

Bitcoin Recovers After Local Dip as Crypto Market Remains Optimistic

A new day has begun, and cryptocurrency investors saw Bitcoin reach a local bottom about 12 hours ago. At the time of writing, the price was recovering. The fluctuation in Bitcoin’s price was not a surprise, and there were no major negative developments to worry investors. So, how are cryptocurrencies starting this Sunday?

The king cryptocurrency hit a low of $50,625 around 17:30 local time yesterday. It then surpassed $52,000 again a few hours before the daily close. This was not permanent due to profit-taking, but it’s not too significant. Weekend markets are generally low in volume, so the impact of profit-taking on prices is more pronounced.

If we start seeing strong ETF inflows again from Monday, motivation could increase. There are no major problems on the macro front, but we should not forget that the market’s excessive optimism may continue to be tempered as the halving approaches. While this could weaken risk markets, it’s not terrible for BTC due to halving expectations and ETFs.

Miners continue to sell. Their reserves have dropped to 1.92 million, but they may start to slow down sales if ETF-related demand continues to outpace the newly issued supply by 20-30 times. Although the decrease in reserves seems rapid, it’s the same as the figures at the beginning of December 2023. Miners are largely switching to accumulation during the rise and now continue profit sales to support their liquidity. This is not abnormal, especially since post-halving increased costs and decreased new BTC supply will necessitate more cash.
Current State of Cryptocurrencies
There is no massive meltdown in cumulative value, and the BTC correction did not trigger as big of a sell-off in altcoins as feared. All of this is positive. The winners of the week are SC, BGB, VET, AR, STX Coin, which gained over 44% weekly.
While the cumulative value of cryptocurrencies continues to target $2.1 trillion, volumes have shrunk by nearly 20% daily.
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Haussier
🚨⚠️What suggests a Bitcoin ATH?⚠️🚨 Bitcoin displayed commendable performance in the last seven days as its price surged above $51k. According to CoinMarketCap, BTC was up by nearly 10% in the last seven days. At the time of writing, it was trading at $51,781.49 with a market capitalization of more than $1 trillion. The good news was that, as per IntoTheBlock’s prediction, the king of crypto might reach an all-time high within six months. To be precise, the chances of BTC touching an ATH were 85%, as per the analytics platform’s prediction. To see whether that’s possible, AMBCrypto took a look at Bitcoin’s on-chain metrics. Our analysis revealed that BTC’s Network Value to Transactions (NVT) ratio dipped last week. A drop in the metric means that an asset is undervalued, hinting at a price hike. A few other metrics also looked pretty bullish for BTC. For instance, BTC’s funding rate was green. CryptoQuant’s data also revealed that Bitcoin’s taker buy/sell ratio was positive, indicating that buying sentiment was dominant in the market. Apart from that, the king of cryptos is also expecting its next halving within a few months. Historically, BTC has always reached a new ATH a few months after its halvings. Therefore, considering these indicators, BTC reaching new highs seemed high. #BTC #BONK #Write2Earn‬
🚨⚠️What suggests a Bitcoin ATH?⚠️🚨

Bitcoin displayed commendable performance in the last seven days as its price surged above $51k. According to CoinMarketCap, BTC was up by nearly 10% in the last seven days.

At the time of writing, it was trading at $51,781.49 with a market capitalization of more than $1 trillion.

The good news was that, as per IntoTheBlock’s prediction, the king of crypto might reach an all-time high within six months.
To be precise, the chances of BTC touching an ATH were 85%, as per the analytics platform’s prediction. To see whether that’s possible, AMBCrypto took a look at Bitcoin’s on-chain metrics.

Our analysis revealed that BTC’s Network Value to Transactions (NVT) ratio dipped last week. A drop in the metric means that an asset is undervalued, hinting at a price hike.
A few other metrics also looked pretty bullish for BTC. For instance, BTC’s funding rate was green. CryptoQuant’s data also revealed that Bitcoin’s taker buy/sell ratio was positive, indicating that buying sentiment was dominant in the market.

Apart from that, the king of cryptos is also expecting its next halving within a few months. Historically, BTC has always reached a new ATH a few months after its halvings. Therefore, considering these indicators, BTC reaching new highs seemed high.
#BTC #BONK #Write2Earn‬
🚨 DON'T SELL CRYPTO 🚨 🚨 DON'T SELL CRYPTO 🚨 🚨 DON'T SELL CRYPTO 🚨 🚨 DON'T SELL CRYPTO 🚨 🌟🌟🌟AVOID FOMO🌟🌟🌟 🌟🌟🌟AVOID FOMO🌟🌟🌟 🌟🌟🌟AVOID FOMO🌟🌟🌟 CRYPTO MARKET COMEBACK SOON SIT BACK & RELAX #BTC
🚨 DON'T SELL CRYPTO 🚨

🚨 DON'T SELL CRYPTO 🚨

🚨 DON'T SELL CRYPTO 🚨

🚨 DON'T SELL CRYPTO 🚨

🌟🌟🌟AVOID FOMO🌟🌟🌟
🌟🌟🌟AVOID FOMO🌟🌟🌟
🌟🌟🌟AVOID FOMO🌟🌟🌟

CRYPTO MARKET COMEBACK SOON
SIT BACK & RELAX
#BTC
Bonk Price Prediction: BONK Pumps 16% In A Week, But Still Gets Left Behind By New Solana Meme Coin Bonk Price Prediction: BONK Pumps 16% In A Week, But Still Gets Left Behind By New Solana Meme Coin Competitor Smog With 68% PumpThe Bonk Price Overcomes ResistanceBears May Briefly Bring The Bonk Price DownThe Latest Addition To The Solana Meme Coin EcosystemAbout To Drop Another ZeroThe Bonk price soared more than 16% in the past 7 days to trade at $0.00001361 as of 8:45 a.m. EST as investors re-enter the meme coin’s charts.The Bonk Price Overcomes ResistanceA rising wedge has formed on the meme coin’s 4-hour chart, which could suggest that the Bonk price will drop in the next 24 hours. Should this pattern be validated, the crypto may retest the $0.0000128480 support level soon. A drop below this significant price point will open up the risk of BONK falling to the subsequent support level at $0.0000088550. In an extremely bearish scenario, the Bonk price could fall to as low as $0.0000051340 in the short to medium term.This bearish thesis may be invalidated if the Bonk price closes a 4-hour candle above the rising wedge pattern within the next 24 hours. In this alternative scenario, the altcoin may attempt a challenge at the $0.0000192765 resistance level. Overcoming this barrier could give BONK the foundation needed to keep rising in the next few days. As a result, the Bonk price could rise to the $0.0000290295 threshold through the course of the following week.Bears May Briefly Bring The Bonk Price DownTechnical indicators on BONK’s 4-hour chart suggest the meme coin’s price may drop in the coming 24 hours. The Moving Average Convergence Divergence (MACD) indicator shows that the meme coin entered into a short-term negative trend in the last 24 hours. During this period, the MACD line crossed below the MACD Signal line, which is generally seen as a confirmation of a bearish trend reversal.In addition to this, buyers are rapidly losing strength against sellers. The Relative Strength Index (RSI) line crossed below its Simple Moving Average (SMA) line. This signals that bears have gained the upper hand against bulls. Sellers also seem to be growing their strength at an alarming pace as the RSI line is steeply sloped towards oversold territory below the SMA line.If these technical flags are validated, BONK’s positive weekly streak may come to an end soon. But competitor Smog shows no signs of doing anything except climb with the new Solana meme coin star soaring 68% in just the past 24 hours. The altcoin also saw its 24-hour trading volume top $3 million.The Latest Addition To The Solana Meme Coin EcosystemSmog is the latest meme coin to enter the vibrant Solana ecosystem, and has made quite the entrance with an 83% surge since its launch. This has nudged the project into the top 20 list of the biggest meme coins by market cap at 16th place as it joins the ranks of the meme coin elite alongside the likes of Dogecoin, Bonk, Shiba Inu, Pepe and Dogwifhat.And in one cheeky development today, Smog tokens were airdropped to people in the Dogwifhat community with more than 3k tokens.The strong growth of the meme coin since its launch could be attributed to its upcoming airdrop, which is rumored to be the largest the crypto community has ever seen.Although details regarding the event have not been revealed, the project’s tokenomics indicates that 35% of the token’s supply has been set aside for airdrops. Despite unclear eligibility criteria for the airdrop, investors are betting big on the altcoin’s short to medium term prospects as the number of Smog holders surpasses 20,000.About To Drop Another ZeroSmog’s price has surpassed $0.09 and seems to be on track to lose another zero soon. The team’s strategic decision to launch the meme coin on the resurgent Solana blockchain has already given the altcoin the strong foundation needed to take off.Adding to the meme coin’s potential is its dragon-themed branding, which appeals to buyers in Chinese communities across the world as the Chinese New Year of the Dragon gets underway.Speculation of potential listings on major centralized exchanges next week have also been making the rounds. There are rumors that there may be new listings on exchanges including BuyBit, Gate.io and KuCoin.#BONK #BTC

Bonk Price Prediction: BONK Pumps 16% In A Week, But Still Gets Left Behind By New Solana Meme Coin

Bonk Price Prediction: BONK Pumps 16% In A Week, But Still Gets Left Behind By New Solana Meme Coin Competitor Smog With 68% PumpThe Bonk Price Overcomes ResistanceBears May Briefly Bring The Bonk Price DownThe Latest Addition To The Solana Meme Coin EcosystemAbout To Drop Another ZeroThe Bonk price soared more than 16% in the past 7 days to trade at $0.00001361 as of 8:45 a.m. EST as investors re-enter the meme coin’s charts.The Bonk Price Overcomes ResistanceA rising wedge has formed on the meme coin’s 4-hour chart, which could suggest that the Bonk price will drop in the next 24 hours. Should this pattern be validated, the crypto may retest the $0.0000128480 support level soon. A drop below this significant price point will open up the risk of BONK falling to the subsequent support level at $0.0000088550. In an extremely bearish scenario, the Bonk price could fall to as low as $0.0000051340 in the short to medium term.This bearish thesis may be invalidated if the Bonk price closes a 4-hour candle above the rising wedge pattern within the next 24 hours. In this alternative scenario, the altcoin may attempt a challenge at the $0.0000192765 resistance level. Overcoming this barrier could give BONK the foundation needed to keep rising in the next few days. As a result, the Bonk price could rise to the $0.0000290295 threshold through the course of the following week.Bears May Briefly Bring The Bonk Price DownTechnical indicators on BONK’s 4-hour chart suggest the meme coin’s price may drop in the coming 24 hours. The Moving Average Convergence Divergence (MACD) indicator shows that the meme coin entered into a short-term negative trend in the last 24 hours. During this period, the MACD line crossed below the MACD Signal line, which is generally seen as a confirmation of a bearish trend reversal.In addition to this, buyers are rapidly losing strength against sellers. The Relative Strength Index (RSI) line crossed below its Simple Moving Average (SMA) line. This signals that bears have gained the upper hand against bulls. Sellers also seem to be growing their strength at an alarming pace as the RSI line is steeply sloped towards oversold territory below the SMA line.If these technical flags are validated, BONK’s positive weekly streak may come to an end soon. But competitor Smog shows no signs of doing anything except climb with the new Solana meme coin star soaring 68% in just the past 24 hours. The altcoin also saw its 24-hour trading volume top $3 million.The Latest Addition To The Solana Meme Coin EcosystemSmog is the latest meme coin to enter the vibrant Solana ecosystem, and has made quite the entrance with an 83% surge since its launch. This has nudged the project into the top 20 list of the biggest meme coins by market cap at 16th place as it joins the ranks of the meme coin elite alongside the likes of Dogecoin, Bonk, Shiba Inu, Pepe and Dogwifhat.And in one cheeky development today, Smog tokens were airdropped to people in the Dogwifhat community with more than 3k tokens.The strong growth of the meme coin since its launch could be attributed to its upcoming airdrop, which is rumored to be the largest the crypto community has ever seen.Although details regarding the event have not been revealed, the project’s tokenomics indicates that 35% of the token’s supply has been set aside for airdrops. Despite unclear eligibility criteria for the airdrop, investors are betting big on the altcoin’s short to medium term prospects as the number of Smog holders surpasses 20,000.About To Drop Another ZeroSmog’s price has surpassed $0.09 and seems to be on track to lose another zero soon. The team’s strategic decision to launch the meme coin on the resurgent Solana blockchain has already given the altcoin the strong foundation needed to take off.Adding to the meme coin’s potential is its dragon-themed branding, which appeals to buyers in Chinese communities across the world as the Chinese New Year of the Dragon gets underway.Speculation of potential listings on major centralized exchanges next week have also been making the rounds. There are rumors that there may be new listings on exchanges including BuyBit, Gate.io and KuCoin.#BONK #BTC
Bitcoin Market Predictions: Will the Bullish Trend Continue? 3 mins readTable of Contents•Bitcoin (BTC)•Spot Bitcoin ETFsYou can also read this news on COINTURK NEWS: Bitcoin Market Predictions: Will the Bullish Trend Continue?Weekend trading volumes are usually weak, and we have seen significant volatility increases on these days over the past two years. Will a similar pattern occur again? Time will tell, but for bulls or bears, this is normal during their dominant periods. Let’s now take a look at the latest market predictions from experts. Will the Bitcoin price increase continue?Bitcoin (BTC)BTC’s price has returned to the levels last seen in January for the first time since the end of 2021. Its weekly growth rate is reminiscent of the impressive days of October. Popular cryptocurrency analyst Jelle shared his latest market assessment on his social media account, writing;“The last hurdle Bitcoin needs to overcome has been broken, and after that, there are hardly any obstacles to reaching all-time highs.”Although the price has broken the mentioned $48,000, it has yet to make convincing closes above it, so there is still potential for this to be a deviation. Analyst Skew mentioned that volatility is expected to remain strong. Keith Alan, CEO and founding partner of Material Indicators, also wrote;“There is something you need to consider before FOMO-ing into BTC at this level. Between here and $50,000, there is ~$175 million in accumulated BTC demand liquidity (also known as resistance) and only ~$50 million in bid support down to $43,000.”According to him, even if it’s above $45,000, a higher weekly close will be beneficial for the bulls. In this scenario, as the movement towards $50,000 continues, short positions are in great danger.“If you’re considering taking a short position, be ready for a squeeze. If the whales manage to push above $50,000, there is very little resistance up to $55,000 right now.”Spot Bitcoin ETFsWhile Keith Alan targets $55,000 for the king cryptocurrency, data from spot Bitcoin ETFs is maturing in favor of the bulls. The initial phase was a sell-the-news period, followed by price deterioration due to GBTC sales. Now, as GBTC sales weaken, inflows into BlackRock and Fidelity ETFs are strengthening. This is significant because it represents the early stage of the third period. This scenario suggests a stable upward trajectory for BTC price with increasing net inflows.According to data shared by Bloomberg Intelligence ETF analyst James Seyffart, Grayscale Bitcoin Trust (GBTC) is seeing exits as expected, while the cumulative net flows of the remaining nine ETFs were the third-largest since their launch on January 11th.#BTC #Bitcoin #ETF #GBTC(Grayscale)

Bitcoin Market Predictions: Will the Bullish Trend Continue?

3 mins readTable of Contents•Bitcoin (BTC)•Spot Bitcoin ETFsYou can also read this news on COINTURK NEWS: Bitcoin Market Predictions: Will the Bullish Trend Continue?Weekend trading volumes are usually weak, and we have seen significant volatility increases on these days over the past two years. Will a similar pattern occur again? Time will tell, but for bulls or bears, this is normal during their dominant periods. Let’s now take a look at the latest market predictions from experts. Will the Bitcoin price increase continue?Bitcoin (BTC)BTC’s price has returned to the levels last seen in January for the first time since the end of 2021. Its weekly growth rate is reminiscent of the impressive days of October. Popular cryptocurrency analyst Jelle shared his latest market assessment on his social media account, writing;“The last hurdle Bitcoin needs to overcome has been broken, and after that, there are hardly any obstacles to reaching all-time highs.”Although the price has broken the mentioned $48,000, it has yet to make convincing closes above it, so there is still potential for this to be a deviation. Analyst Skew mentioned that volatility is expected to remain strong. Keith Alan, CEO and founding partner of Material Indicators, also wrote;“There is something you need to consider before FOMO-ing into BTC at this level. Between here and $50,000, there is ~$175 million in accumulated BTC demand liquidity (also known as resistance) and only ~$50 million in bid support down to $43,000.”According to him, even if it’s above $45,000, a higher weekly close will be beneficial for the bulls. In this scenario, as the movement towards $50,000 continues, short positions are in great danger.“If you’re considering taking a short position, be ready for a squeeze. If the whales manage to push above $50,000, there is very little resistance up to $55,000 right now.”Spot Bitcoin ETFsWhile Keith Alan targets $55,000 for the king cryptocurrency, data from spot Bitcoin ETFs is maturing in favor of the bulls. The initial phase was a sell-the-news period, followed by price deterioration due to GBTC sales. Now, as GBTC sales weaken, inflows into BlackRock and Fidelity ETFs are strengthening. This is significant because it represents the early stage of the third period. This scenario suggests a stable upward trajectory for BTC price with increasing net inflows.According to data shared by Bloomberg Intelligence ETF analyst James Seyffart, Grayscale Bitcoin Trust (GBTC) is seeing exits as expected, while the cumulative net flows of the remaining nine ETFs were the third-largest since their launch on January 11th.#BTC #Bitcoin #ETF #GBTC(Grayscale)
XRP🚀 Bullish Rebound : Says JD Expert Prediction Parabolic pump🌟Parabolic pump prediction by JD (@jaydee_757)On X (previously Twitter)#XRP

XRP🚀 Bullish Rebound : Says JD Expert Prediction Parabolic pump🌟

Parabolic pump prediction by JD (@jaydee_757)On X (previously Twitter)#XRP
Bitcoin (BTC) Price Eyes $56,970 As Exchange Supply Drops to Six-Year Low The Bitcoin exchange supply is at the lowest since December 2017. Currently, only 5.3% of the total BTC remains on the exchanges.Reportedly, 25,305 Bitcoins worth $1.1 billion have been withdrawn from exchanges in 2 weeks.BTC Price has significant support level at $42,560 where 1.02 million coins have transacted.Nearly 70% of Bitcoin holders haven't moved their coins in six years.Over the last two days, the Bitcoin bulls have taken charge after almost a month of consolidation since the spot Bitcoin ETF approval. The Bitcoin price has gained an additional 3.5% in the last 24 hours and is currently trading at $46,063 with a market cap of $903 billion.Bitcoin Exchange Supply At Six-Year LowThe strong surge in the Bitcoin price has also to do with the strong withdrawal of BTC from the exchanges in the last two weeks. Reportedly, 25,305 Bitcoins worth $1.1 billion have been withdrawn from the exchanges in this time.Of notable significance is the lowest ratio of Bitcoin on exchanges since December 2017, indicating a trend of reduced Bitcoin holdings on trading platforms. This trend suggests a shift in investor behavior, with traders potentially opting for long-term holding strategies. Currently, only 5.3% of the total BTC supply is on exchanges as per the Santiment data. On the other hand, the Bitcoin whale accumulation has been on the rise over the past two weeks.Furthermore, Bitcoin’s dominance in the cryptocurrency market has seen a significant uptick, overshadowing altcoins, with its market value reaching as high as $45.5K todayAccording to Martinez, Bitcoin’s recent trading activity reveals a significant support level at $42,560, with approximately 1.02 million BTC transacting within this price range. Maintaining this support would be crucial to deciding Bitcoin’s future trajectory.Conversely, Martinez highlights key resistance levels at $47,360 and $56,970, signaling potential barriers to Bitcoin’s upward trajectory.Martinez also draws attention to the Super Trend indicator, which recently flashed a buy signal on Bitcoin’s monthly chart. This tool is renowned for its accuracy in predicting BTC bull markets, with past buy signals resulting in substantial gains.#Bitcoin #BTC

Bitcoin (BTC) Price Eyes $56,970 As Exchange Supply Drops to Six-Year Low

The Bitcoin exchange supply is at the lowest since December 2017. Currently, only 5.3% of the total BTC remains on the exchanges.Reportedly, 25,305 Bitcoins worth $1.1 billion have been withdrawn from exchanges in 2 weeks.BTC Price has significant support level at $42,560 where 1.02 million coins have transacted.Nearly 70% of Bitcoin holders haven't moved their coins in six years.Over the last two days, the Bitcoin bulls have taken charge after almost a month of consolidation since the spot Bitcoin ETF approval. The Bitcoin price has gained an additional 3.5% in the last 24 hours and is currently trading at $46,063 with a market cap of $903 billion.Bitcoin Exchange Supply At Six-Year LowThe strong surge in the Bitcoin price has also to do with the strong withdrawal of BTC from the exchanges in the last two weeks. Reportedly, 25,305 Bitcoins worth $1.1 billion have been withdrawn from the exchanges in this time.Of notable significance is the lowest ratio of Bitcoin on exchanges since December 2017, indicating a trend of reduced Bitcoin holdings on trading platforms. This trend suggests a shift in investor behavior, with traders potentially opting for long-term holding strategies. Currently, only 5.3% of the total BTC supply is on exchanges as per the Santiment data. On the other hand, the Bitcoin whale accumulation has been on the rise over the past two weeks.Furthermore, Bitcoin’s dominance in the cryptocurrency market has seen a significant uptick, overshadowing altcoins, with its market value reaching as high as $45.5K todayAccording to Martinez, Bitcoin’s recent trading activity reveals a significant support level at $42,560, with approximately 1.02 million BTC transacting within this price range. Maintaining this support would be crucial to deciding Bitcoin’s future trajectory.Conversely, Martinez highlights key resistance levels at $47,360 and $56,970, signaling potential barriers to Bitcoin’s upward trajectory.Martinez also draws attention to the Super Trend indicator, which recently flashed a buy signal on Bitcoin’s monthly chart. This tool is renowned for its accuracy in predicting BTC bull markets, with past buy signals resulting in substantial gains.#Bitcoin #BTC
XRP on Verge of Bullish Reversal, MassiveBitcoin(BTC)Breakthrough, Cardano's (ADA) Comeback imminentWhile market gains some strength, it still needs another push to break throughBitcoin becomes bullish Cardano show's comeback potential The recent chart patterns for XRP have shown promising signs of a reversal from bearish to bullish sentiment. A significant factor supporting this outlook is the potential avoidance of a "death cross" event, where long-term moving averages cross over short-term averages, indicating a sell-off. Instead, XRP's EMAs indicate stability, setting the stage for an upward movement without the looming shadow of a bearish crossover.Looking at specific support and resistance levels, XRP currently finds staunch support at the $0.51 mark. If this level holds, it establishes a firm foundation for the asset's value to build upon. However, the volatile nature of cryptocurrency markets warrants consideration of a potential drop scenario. If XRP fails to sustain its support level, a dip below $0.51 could trigger a sell-off, leading to further downward pressure. In such a case, the next support at around $0.50 would be critical to prevent a steeper decline.The chart reveals no immediate extraordinary factors beyond the usual indicators, but the market's current disposition, influenced by global economic factors and sentiment within the crypto community, could play a pivotal role in determining XRP's direction.Bitcoin becomes bullishBitcoin's market trajectory has taken a bullish turn, demonstrating vigor reminiscent of the fervor that surrounded the rumored approval of a Bitcoin ETF. This robust upward movement signals a departure from speculative surges, suggesting the potential for sustained growth.The king of cryptocurrencies has shattered resistance levels that previously hemmed in its price, soaring past the crucial $44,000 mark. This breach not only signifies a resistance-turned-support level but also lays the groundwork for a climb toward the next psychological barrier at $47,000. If bulls maintain control, the push toward $50,000 could be imminent, reinforcing a bullish narrative across the crypto landscape.The market's enthusiasm is palpable, with Bitcoin exhibiting a resilience that could underpin a more extended period of appreciation. One standout feature on the chart is the convergence of moving averages in the mid-$40,000 range, which Bitcoin has successfully vaulted over, adding to the asset's bullish momentum. If Bitcoin fails to uphold its newfound support and succumbs to a sell-off, it could see a retracement toward the $42,000 support level. A drop below this floor may trigger a bearish outlook, but the robust support at $40,000 could serve as a substantial buffer against a more significant downturn.The chart's outstanding factors include a noticeable increase in trading volume accompanying the price hike, a testament to the growing interest and confidence in Bitcoin. Additionally, the Relative Strength Index (RSI) is approaching overbought territory, which could indicate a short-term pullback before any further upward movement. Cardano shows comeback potential Cardano is making waves with a potential comeback. As ADA aligns itself with broader market trends, it presents an appealing risk-reward ratio that could position it as a standout investment.Currently, ADA is trading above a critical support level at $0.50, a price point that has historically acted as a robust foundation for its value. This level serves as the linchpin for potential growth, with the asset eyeing the resistance at $0.56. A decisive break above this resistance could confirm a shift in momentum, setting the stage for a sustained upward journey. On the flip side, should ADA falter and breach the $0.50 support, it could face downward pressure toward the next substantial support near the $0.47 mark. A drop below this could lead to a bearish outlook, though the strong historical support at $0.42 offers a safety net against a price drop.#Xrp #Bitcoin #Cardano

XRP on Verge of Bullish Reversal, MassiveBitcoin(BTC)Breakthrough, Cardano's (ADA) Comeback imminent

While market gains some strength, it still needs another push to break throughBitcoin becomes bullish Cardano show's comeback potential The recent chart patterns for XRP have shown promising signs of a reversal from bearish to bullish sentiment. A significant factor supporting this outlook is the potential avoidance of a "death cross" event, where long-term moving averages cross over short-term averages, indicating a sell-off. Instead, XRP's EMAs indicate stability, setting the stage for an upward movement without the looming shadow of a bearish crossover.Looking at specific support and resistance levels, XRP currently finds staunch support at the $0.51 mark. If this level holds, it establishes a firm foundation for the asset's value to build upon. However, the volatile nature of cryptocurrency markets warrants consideration of a potential drop scenario. If XRP fails to sustain its support level, a dip below $0.51 could trigger a sell-off, leading to further downward pressure. In such a case, the next support at around $0.50 would be critical to prevent a steeper decline.The chart reveals no immediate extraordinary factors beyond the usual indicators, but the market's current disposition, influenced by global economic factors and sentiment within the crypto community, could play a pivotal role in determining XRP's direction.Bitcoin becomes bullishBitcoin's market trajectory has taken a bullish turn, demonstrating vigor reminiscent of the fervor that surrounded the rumored approval of a Bitcoin ETF. This robust upward movement signals a departure from speculative surges, suggesting the potential for sustained growth.The king of cryptocurrencies has shattered resistance levels that previously hemmed in its price, soaring past the crucial $44,000 mark. This breach not only signifies a resistance-turned-support level but also lays the groundwork for a climb toward the next psychological barrier at $47,000. If bulls maintain control, the push toward $50,000 could be imminent, reinforcing a bullish narrative across the crypto landscape.The market's enthusiasm is palpable, with Bitcoin exhibiting a resilience that could underpin a more extended period of appreciation. One standout feature on the chart is the convergence of moving averages in the mid-$40,000 range, which Bitcoin has successfully vaulted over, adding to the asset's bullish momentum. If Bitcoin fails to uphold its newfound support and succumbs to a sell-off, it could see a retracement toward the $42,000 support level. A drop below this floor may trigger a bearish outlook, but the robust support at $40,000 could serve as a substantial buffer against a more significant downturn.The chart's outstanding factors include a noticeable increase in trading volume accompanying the price hike, a testament to the growing interest and confidence in Bitcoin. Additionally, the Relative Strength Index (RSI) is approaching overbought territory, which could indicate a short-term pullback before any further upward movement. Cardano shows comeback potential Cardano is making waves with a potential comeback. As ADA aligns itself with broader market trends, it presents an appealing risk-reward ratio that could position it as a standout investment.Currently, ADA is trading above a critical support level at $0.50, a price point that has historically acted as a robust foundation for its value. This level serves as the linchpin for potential growth, with the asset eyeing the resistance at $0.56. A decisive break above this resistance could confirm a shift in momentum, setting the stage for a sustained upward journey. On the flip side, should ADA falter and breach the $0.50 support, it could face downward pressure toward the next substantial support near the $0.47 mark. A drop below this could lead to a bearish outlook, though the strong historical support at $0.42 offers a safety net against a price drop.#Xrp #Bitcoin #Cardano
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Haussier
#CryptoNews XRP Coin Struggles for Recovery as Market Sentiment Remains Uncertain #BTC #XRP #CIN ✓Table of Contents •Legal Developments and Market Dynamics •Prospects for XRP’s Price Stability In 2024, the value of XRP Coin has suffered a significant 20% decrease, positioning itself to end the year at lows not experienced since mid-October. The rebound of Bitcoin to levels above $44,000, along with a rise in long-term positions on the OKX exchange, has lent some support to the market. Despite these factors, the XRP Coin’s future value remains a subject of speculation. Legal Developments and Market Dynamics #Ripple , the company behind XRP, is set to comply with a US court’s ruling to disclose financial records related to its institutional sales of XRP Coin. This development comes amidst a backdrop of market recovery from a hacking incident and ongoing concerns over a collective appeal process. On the OKX exchange, an uptick in long positions has been observed, and Binance data points to early signs of whale activity moving in a positive direction. Despite a steady balance in the futures market since early January, professional traders are cautiously buying in, signaling the possibility of a short-term rebound, while broader market sentiment remains wary. Prospects for XRP’s Price Stability XRP Coin is currently battling to maintain a critical support level at $0.50, but achieving a bounce from this threshold is proving challenging. A price closure below this support could see a further drop towards the $0.46 level and lower. While the recent increase in Bitcoin’s price is notable, it lacks foundational stimuli, and any potential reduction in GBTC sales is counterbalanced by the Federal Reserve’s optimistic outlook on interest rate reductions. For a genuine market turnaround, investors are looking for XRP to close above the 20-day EMA and aim for an upward trend line, with sights set on potential targets of $0.67 and, subsequently, up to $0.74.
#CryptoNews

XRP Coin Struggles for Recovery as Market Sentiment Remains Uncertain

#BTC #XRP #CIN

✓Table of Contents

•Legal Developments and Market Dynamics

•Prospects for XRP’s Price Stability

In 2024, the value of XRP Coin has suffered a significant 20% decrease, positioning itself to end the year at lows not experienced since mid-October. The rebound of Bitcoin to levels above $44,000, along with a rise in long-term positions on the OKX exchange, has lent some support to the market. Despite these factors, the XRP Coin’s future value remains a subject of speculation.

Legal Developments and Market Dynamics

#Ripple , the company behind XRP, is set to comply with a US court’s ruling to disclose financial records related to its institutional sales of XRP Coin. This development comes amidst a backdrop of market recovery from a hacking incident and ongoing concerns over a collective appeal process. On the OKX exchange, an uptick in long positions has been observed, and Binance data points to early signs of whale activity moving in a positive direction. Despite a steady balance in the futures market since early January, professional traders are cautiously buying in, signaling the possibility of a short-term rebound, while broader market sentiment remains wary.

Prospects for XRP’s Price Stability

XRP Coin is currently battling to maintain a critical support level at $0.50, but achieving a bounce from this threshold is proving challenging. A price closure below this support could see a further drop towards the $0.46 level and lower. While the recent increase in Bitcoin’s price is notable, it lacks foundational stimuli, and any potential reduction in GBTC sales is counterbalanced by the Federal Reserve’s optimistic outlook on interest rate reductions. For a genuine market turnaround, investors are looking for XRP to close above the 20-day EMA and aim for an upward trend line, with sights set on potential targets of $0.67 and, subsequently, up to $0.74.
Analyst Says Floki Could Boom Like Dogecoin: Is a Price Surge Coming? #FLOKİ #Dogecoin-DOGE The me space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem.As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.Floki – The Next Big ThingIn a recent tweet, prominent analyst Inmortal boldly predicts that $FLOKI will become the next big thing in the world of meme coins during this bull run. He’s making this prediction by comparing it to the journey of Dogecoin, a popular cryptocurrency.Inmortal supports this claim by sharing a graph comparing the early trajectory of Dogecoin with the current state of Floki. The graph illustrates a similar initial flatness in the value of Dogecoin, mirroring the current situation of Floki. Significantly, Dogecoin saw a sudden rise in popularity, resulting in a remarkable increase in its price. The analyst suggests that Floki might follow a similar path, expecting a surge in popularity that could push its price to reach new highs.Floki Price AnalysisThe Floki Inu price prediction indicates a potential decrease of -7.24%, projecting the price to reach $ 0.00002591 by February 12, 2024. Despite this prediction, technical indicators suggest a bearish sentiment, while the Fear & Greed Index registers at 62 (Greed).As of now, FLOKI is valued at $0.00002782, reflecting a 1.7% increase, with a market cap of $263.46M. Concurrently, the trading volume stands at $10.68M, marking a 2.24% change in the last 24 hours.#Write2Earn #TrendingTopic

Analyst Says Floki Could Boom Like Dogecoin: Is a Price Surge Coming?

#FLOKİ #Dogecoin-DOGE The me space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem.As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.Floki – The Next Big ThingIn a recent tweet, prominent analyst Inmortal boldly predicts that $FLOKI will become the next big thing in the world of meme coins during this bull run. He’s making this prediction by comparing it to the journey of Dogecoin, a popular cryptocurrency.Inmortal supports this claim by sharing a graph comparing the early trajectory of Dogecoin with the current state of Floki. The graph illustrates a similar initial flatness in the value of Dogecoin, mirroring the current situation of Floki. Significantly, Dogecoin saw a sudden rise in popularity, resulting in a remarkable increase in its price. The analyst suggests that Floki might follow a similar path, expecting a surge in popularity that could push its price to reach new highs.Floki Price AnalysisThe Floki Inu price prediction indicates a potential decrease of -7.24%, projecting the price to reach $ 0.00002591 by February 12, 2024. Despite this prediction, technical indicators suggest a bearish sentiment, while the Fear & Greed Index registers at 62 (Greed).As of now, FLOKI is valued at $0.00002782, reflecting a 1.7% increase, with a market cap of $263.46M. Concurrently, the trading volume stands at $10.68M, marking a 2.24% change in the last 24 hours.#Write2Earn #TrendingTopic
Rebel Satoshi’s Latest Rally: Analysts Predict It Will Eclipse Bonk and Shiba InuRebel Satoshi will soon begin its quest to rebelliously take on the financial system as it plans to go live.Bonk DAO will invest $500,000 in an early-stage startup fund backing Solana-based projects.Shiba Inu maintains its long-standing ‘burning spree,’ having removed almost $90,000 worth of tokens last month.Rebel Satoshi ($RBLZ) is a trending meme coin predicted to eclipse prominent names like Bonk (BONK) and Shiba Inu (SHIB). The project’s rally in its fast-selling presale is the first sign. Yet, Rebel Satoshi offers much more; it’s a much-needed decentralized finance movement. Gain a quick dose of the latest developments among the top crypto coins in the meme token industry here.Let’s learn about Rebel Satoshi before studying the pertinent developments for Bonk and Shiba InuRebel Satoshi Aims to Conquer The Modern Financial SystemRebel Satoshi is a rebellious meme token on a seemingly impossible task of conquering the modern financial status quo, ensuring decentralized finance takes center stage. Through its defiant community, it plans to take down the many centralized authorities plaguing the systemThis collective is growing by the day, contributing over $1.5 million in Rebel Satoshi‘s early funding stages. The contributions will go a long way for massive potential returns since Rebel Satoshi aims to be worth $100 million in market cap.Achieving this goal offers the project the financial resources for its revolutionary goals and rewards for fellow rebels. The $RBLZ token is the key enabler for the latter, with incentives inspired by the best DeFi projects. These include staking income and entry into trading 9,999 symbolic NFTs in the form of collectibles and digital art characters in the Rebel Artefacts Vault.The supply of $RBLZ available in the Rebel Satoshi presale, in its ultimate round, continues to dwindle. $RBLZ is worth $0.022, a 120% increase compared to the first stage when it exchanged hands for $0.010. It’s not only that the token will rise 13.6% to $0.025 after the presale (expected to end this month) that’s enticing. Rebel Satoshi will gear up to officially launch and list $RBLZ on multiple exchanges for potentially higher valuations!Bonk DAO Plans to Allocate $500,000 in Solana-Based Startup FundFew could have imagined that the jokey Bonk would pivot toward being a venture fund investor. The Bonk DAO is a 12-person council that is BONK’s largest ‘whale’ (with about $124 million worth of tokens).This Cayman-based entity is responsible for management and community project funding within Solana. They have allocated BONK in numerous initiatives like hackathons and liquidity pools on the blockchain.The DAO is now investing $500,000 in an early-stage startup fund (organized by startup accelerator Colosseum) to back Solana-built projects. Prior to this announcement, the DAO held a governance vote for this proposal, with no one voting against it.Sadly, this development has done little to improve BONK’s massive fall, down 72% from an all-time high of $0.0000349804. From its current price of $0.0000098233, some forecasts suggest BONK could reach at least $0.000100 by 2025.Nearly 10 Billion SHIB Burned By Shiba Inu in January 2024Despite Shiba Inu being the second-most popular meme crypto to buy, it faces a common problem with many meme tokens of inflation. This is due to its unlimited circulating supply, which sits at about 590 trillion SHIB at the time of writing.‘Burning’ tokens are a tried-and-tested solution that Shiba Inu has religiously practiced. The blockchain removed 9.9 billion SHIB (equivalent to about $89,793) last month, according to the latest Shibburn data. However, this figure pales compared to the 36 billion SHIB (worth $326,520) burnt in December 2023.Speaking of large transactions, data from Etherscan shows an inflow of 307 billion SHIB to a Coinbase wallet. This often signals substantial selling in the future. Regardless, while a small jump, SHIB is up 7% from its yearly low of $0.00000843 (now worth $0.00000908). Based on forecasts, it could be worth a minimum of $0.000025 by 2025Disclaimer: This content is not endorsed by CryptoAks, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CryptoAks nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CryptoAks is not liable for any damages or losses from using or relying on this content#SHIBAnalysis #BONK/USDT #TrendingTopic

Rebel Satoshi’s Latest Rally: Analysts Predict It Will Eclipse Bonk and Shiba Inu

Rebel Satoshi will soon begin its quest to rebelliously take on the financial system as it plans to go live.Bonk DAO will invest $500,000 in an early-stage startup fund backing Solana-based projects.Shiba Inu maintains its long-standing ‘burning spree,’ having removed almost $90,000 worth of tokens last month.Rebel Satoshi ($RBLZ) is a trending meme coin predicted to eclipse prominent names like Bonk (BONK) and Shiba Inu (SHIB). The project’s rally in its fast-selling presale is the first sign. Yet, Rebel Satoshi offers much more; it’s a much-needed decentralized finance movement. Gain a quick dose of the latest developments among the top crypto coins in the meme token industry here.Let’s learn about Rebel Satoshi before studying the pertinent developments for Bonk and Shiba InuRebel Satoshi Aims to Conquer The Modern Financial SystemRebel Satoshi is a rebellious meme token on a seemingly impossible task of conquering the modern financial status quo, ensuring decentralized finance takes center stage. Through its defiant community, it plans to take down the many centralized authorities plaguing the systemThis collective is growing by the day, contributing over $1.5 million in Rebel Satoshi‘s early funding stages. The contributions will go a long way for massive potential returns since Rebel Satoshi aims to be worth $100 million in market cap.Achieving this goal offers the project the financial resources for its revolutionary goals and rewards for fellow rebels. The $RBLZ token is the key enabler for the latter, with incentives inspired by the best DeFi projects. These include staking income and entry into trading 9,999 symbolic NFTs in the form of collectibles and digital art characters in the Rebel Artefacts Vault.The supply of $RBLZ available in the Rebel Satoshi presale, in its ultimate round, continues to dwindle. $RBLZ is worth $0.022, a 120% increase compared to the first stage when it exchanged hands for $0.010. It’s not only that the token will rise 13.6% to $0.025 after the presale (expected to end this month) that’s enticing. Rebel Satoshi will gear up to officially launch and list $RBLZ on multiple exchanges for potentially higher valuations!Bonk DAO Plans to Allocate $500,000 in Solana-Based Startup FundFew could have imagined that the jokey Bonk would pivot toward being a venture fund investor. The Bonk DAO is a 12-person council that is BONK’s largest ‘whale’ (with about $124 million worth of tokens).This Cayman-based entity is responsible for management and community project funding within Solana. They have allocated BONK in numerous initiatives like hackathons and liquidity pools on the blockchain.The DAO is now investing $500,000 in an early-stage startup fund (organized by startup accelerator Colosseum) to back Solana-built projects. Prior to this announcement, the DAO held a governance vote for this proposal, with no one voting against it.Sadly, this development has done little to improve BONK’s massive fall, down 72% from an all-time high of $0.0000349804. From its current price of $0.0000098233, some forecasts suggest BONK could reach at least $0.000100 by 2025.Nearly 10 Billion SHIB Burned By Shiba Inu in January 2024Despite Shiba Inu being the second-most popular meme crypto to buy, it faces a common problem with many meme tokens of inflation. This is due to its unlimited circulating supply, which sits at about 590 trillion SHIB at the time of writing.‘Burning’ tokens are a tried-and-tested solution that Shiba Inu has religiously practiced. The blockchain removed 9.9 billion SHIB (equivalent to about $89,793) last month, according to the latest Shibburn data. However, this figure pales compared to the 36 billion SHIB (worth $326,520) burnt in December 2023.Speaking of large transactions, data from Etherscan shows an inflow of 307 billion SHIB to a Coinbase wallet. This often signals substantial selling in the future. Regardless, while a small jump, SHIB is up 7% from its yearly low of $0.00000843 (now worth $0.00000908). Based on forecasts, it could be worth a minimum of $0.000025 by 2025Disclaimer: This content is not endorsed by CryptoAks, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CryptoAks nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CryptoAks is not liable for any damages or losses from using or relying on this content#SHIBAnalysis #BONK/USDT #TrendingTopic
Shiba Inu: $1000 Investment Could Turn Into $109k If SHIB Reaches $0.001 #SHIBA #WHEN #SHIB Shiba Inu (SHIB) has sunk over 80% from its historic peak in 2021. However, some loyal investors cling to the hope that the meme coin could mysteriously reclaim its all-time high of around $0.000088 someday.Even more optimistically, predictions periodically emerge of SHIB reaching $0.001—eliminating three zeros from today’s price. While mostly fanciful, these lofty projections invite explorations around potential investment returns.How much can $1,000 SHIB fetch when it hits $0.01?Specifically, if an investor puts $1,000 into Shiba Inu now at $0.000009, they’d secure around 111 million coins. That’s enough to gain entry into the vaunted “SHIB Millionaire’s Club” status. Then, should SHIB merely return to its high around $0.000088, that $1,000 stake would balloon to almost $10,000 for nearly 10 times its returns.However, things get more interesting if one indulges in $0.001 speculation. In that hypothetical scenario, today’s $1,000 bet would end up worth around $109,000 for life-changing gains, assuming investors held the full duration.  Will the meme coin hit $0.001?Of course, justifying such an extreme target requires incredible assumptions. Namely, SHIB’s market value would need to rival Bitcoin. Alternatively, developers would need to burn off hundreds of trillions of tokens from circulation to make $0.001 feasible.Since neither appears likely any time soon, seasoned analysts hesitate to put much stock in four- or five-digit percentage return projections. The cryptocurrency market’s overall value would need to multiply many times before SHIB realistically challenges $0.001. However, that doesn’t dampen more ambitious traders’ hopes of once again turning tiny investments into millions.shibshiba inu

Shiba Inu: $1000 Investment Could Turn Into $109k If SHIB Reaches $0.001 #SHIBA #WHEN #SHIB

Shiba Inu (SHIB) has sunk over 80% from its historic peak in 2021. However, some loyal investors cling to the hope that the meme coin could mysteriously reclaim its all-time high of around $0.000088 someday.Even more optimistically, predictions periodically emerge of SHIB reaching $0.001—eliminating three zeros from today’s price. While mostly fanciful, these lofty projections invite explorations around potential investment returns.How much can $1,000 SHIB fetch when it hits $0.01?Specifically, if an investor puts $1,000 into Shiba Inu now at $0.000009, they’d secure around 111 million coins. That’s enough to gain entry into the vaunted “SHIB Millionaire’s Club” status. Then, should SHIB merely return to its high around $0.000088, that $1,000 stake would balloon to almost $10,000 for nearly 10 times its returns.However, things get more interesting if one indulges in $0.001 speculation. In that hypothetical scenario, today’s $1,000 bet would end up worth around $109,000 for life-changing gains, assuming investors held the full duration.  Will the meme coin hit $0.001?Of course, justifying such an extreme target requires incredible assumptions. Namely, SHIB’s market value would need to rival Bitcoin. Alternatively, developers would need to burn off hundreds of trillions of tokens from circulation to make $0.001 feasible.Since neither appears likely any time soon, seasoned analysts hesitate to put much stock in four- or five-digit percentage return projections. The cryptocurrency market’s overall value would need to multiply many times before SHIB realistically challenges $0.001. However, that doesn’t dampen more ambitious traders’ hopes of once again turning tiny investments into millions.shibshiba inu
Shiba Inu (SHIB) Might Pull off Stunning Comeback as Price Approaches Floor #SHIBA Shiba Inu (SHIB) price is at a major inflection point that might spark the start of a bullish ride. At the time of writing, the cryptocurrency has slumped by 3% in 24 hours to $0.000008908, a trend also showcased in its market capitalization, which is now worth $5,296,610,033. With the current outlook, the price of Shiba Inu has just printed a clean slate through which major movements are poised to trail moving forward.Shiba Inu has recorded a roller coaster ride in its price action over the past month, soaring from a low of $0.00000846 to a high of $0.00001049. Since it hit this high price level on Jan. 11, the token entered a downward spiral to its current level today. With the consistent sell-off in SHIB, the price is now likely approaching its floor price, from which a rebound is expected in the short term.Shiba Inu’s stunning comeback projections might first be likely to retest the $0.00001 price level, and from there, chart a way up toward its previous ATH. The trading volume is already hinting at this impending surge as it is up 15% in 24 hours to $71,102,901.Shibarium catalystSince the launch of Shibarium, Shiba Inu's Ethereum-based layer-2 scaling solution, the performance of Shiba Inu has been closely linked to trends in this protocol.In recent times, Shibarium hit a record block count above three million, a sign that shows its continuous usage in the face of stiff competition from other rival protocols like Polygon, Arbitrum and zkSync.With the advances in Shibarium, the network’s demand for SHIB may increase over time to stump the sell-off pressure in the token and return it to its winning ways. Overall, the token might soar more than 7.42% this month, a surge that will help it clear one zero, as it has always strived for.

Shiba Inu (SHIB) Might Pull off Stunning Comeback as Price Approaches Floor #SHIBA

Shiba Inu (SHIB) price is at a major inflection point that might spark the start of a bullish ride. At the time of writing, the cryptocurrency has slumped by 3% in 24 hours to $0.000008908, a trend also showcased in its market capitalization, which is now worth $5,296,610,033. With the current outlook, the price of Shiba Inu has just printed a clean slate through which major movements are poised to trail moving forward.Shiba Inu has recorded a roller coaster ride in its price action over the past month, soaring from a low of $0.00000846 to a high of $0.00001049. Since it hit this high price level on Jan. 11, the token entered a downward spiral to its current level today. With the consistent sell-off in SHIB, the price is now likely approaching its floor price, from which a rebound is expected in the short term.Shiba Inu’s stunning comeback projections might first be likely to retest the $0.00001 price level, and from there, chart a way up toward its previous ATH. The trading volume is already hinting at this impending surge as it is up 15% in 24 hours to $71,102,901.Shibarium catalystSince the launch of Shibarium, Shiba Inu's Ethereum-based layer-2 scaling solution, the performance of Shiba Inu has been closely linked to trends in this protocol.In recent times, Shibarium hit a record block count above three million, a sign that shows its continuous usage in the face of stiff competition from other rival protocols like Polygon, Arbitrum and zkSync.With the advances in Shibarium, the network’s demand for SHIB may increase over time to stump the sell-off pressure in the token and return it to its winning ways. Overall, the token might soar more than 7.42% this month, a surge that will help it clear one zero, as it has always strived for.
U.S. Bitcoin Mining’s Surging Electricity Usage Recent findings from the U.S. Energy Information Administration (EIA) have brought to light the substantial electricity consumption attributed to Bitcoin mining within the United States. In 2023, Bitcoin mining operations accounted for 0.6% to 2.3% of the nation's total electricity usage, a range that places the industry's demand on par with the entire state of Utah's electricity consumption. This revelation has reignited discussions surrounding Bitcoin's environmental impact, challenging the prevalent narrative that its energy consumption is excessively detrimental.  according to Coingape. Texas and New York, identified as leading states in Bitcoin mining, have become focal points for the industry's expansion. This growth is partly fueled by the migration of crypto mining operations from China to the U.S., following the former's crackdown on the sector. The U.S. has also seen a rise in publicly traded large-scale Bitcoin mining firms, further indicating the sector's significant development over recent years. The report's findings have raised concerns among policymakers and grid planners regarding the potential strain on the electricity grid, the possibility of increased electricity prices, and the impact on energy-related carbon dioxide emissions. These concerns underscore the challenges of balancing the industry's growth with environmental and economic sustainability. Moreover, the upcoming Bitcoin halving event, expected to reduce mining rewards by half, could further intensify these debates. As miners adjust to the new rewards system, there's anticipation of increased mining activities, potentially leading to a higher demand for electricity. This scenario highlights the ongoing need for the Bitcoin mining industry to explore and adopt more energy-efficient and sustainable practices.
U.S. Bitcoin Mining’s Surging Electricity Usage

Recent findings from the U.S. Energy Information Administration (EIA) have brought to light the substantial electricity consumption attributed to Bitcoin mining within the United States. In 2023, Bitcoin mining operations accounted for 0.6% to 2.3% of the nation's total electricity usage, a range that places the industry's demand on par with the entire state of Utah's electricity consumption. This revelation has reignited discussions surrounding Bitcoin's environmental impact, challenging the prevalent narrative that its energy consumption is excessively detrimental.  according to Coingape.

Texas and New York, identified as leading states in Bitcoin mining, have become focal points for the industry's expansion. This growth is partly fueled by the migration of crypto mining operations from China to the U.S., following the former's crackdown on the sector. The U.S. has also seen a rise in publicly traded large-scale Bitcoin mining firms, further indicating the sector's significant development over recent years.

The report's findings have raised concerns among policymakers and grid planners regarding the potential strain on the electricity grid, the possibility of increased electricity prices, and the impact on energy-related carbon dioxide emissions. These concerns underscore the challenges of balancing the industry's growth with environmental and economic sustainability.

Moreover, the upcoming Bitcoin halving event, expected to reduce mining rewards by half, could further intensify these debates. As miners adjust to the new rewards system, there's anticipation of increased mining activities, potentially leading to a higher demand for electricity. This scenario highlights the ongoing need for the Bitcoin mining industry to explore and adopt more energy-efficient and sustainable practices.
Shiba Inu sees more ‘out-of-money’ investors than Dogecoin #Shiba Inu [SHIB] has a higher percentage of “out of money investors” compared to its rival #Dogecoin [DOGE], according to data from IntoTheBlock.Information from the data provider showed that 875,000 wallet addresses that hold a total of 797 trillion SHIB coins do so at a loss. This makes up 66% of all SHIB holders.Conversely, only 377,000 addresses, accounting for 28.44% of all coin holders and holding 146 trillion SHIB coins, are in profit.On the other hand, DOGE has a higher number of investors in profit. As of this writing, 48% of all the meme coin holders do so at a profit, while 39% of them are at a loss.SHIB sees dwindling demandAMBCrypto reported earlier that DOGE witnessed a surge in new demand in the last week. Over the seven-day period considered, over 890,000 new accounts were created to trade the meme coin.On-chain assessment of SHIB’s network activity revealed that the opposite has occurred.Data from IntoTheBlock showed that in the last week, the daily count of new addresses created to trade the Doge killer plummeted by 5%. Due to this, the total number of addresses involved in SHIB transactions during the same period also saw an 18% dip. Assessed on a year-to-date (YTD), new demand for SHIB has fallen by 19%. This was gleaned from its new adoption rate metric, which has experienced significant swings since the year started.Once the number of active addresses trading an asset plunges, there is a corresponding decline in the total count of transactions.Data from IntoTheBlock showed a 17%  decrease in SHIB’s daily transactions in the last week alone. On a YTD basis, it has fallen by 21%.A significant correlation exists between an asset’s network activity and its price performance. SHIB’s low demand since the year began has negatively impacted its price.According to data from CoinMarketCap, the alt’s value has dropped by 10% since the 1st of January.SHIB’s Open Interest sees growthFollowing an extended period of decline in January, SHIB’s Futures Open Interest has rebounded and trended upward since the new month began. According to data from Coinglass, the coin’s Futures Open Interest has risen by 38% since the 29th of January. At press time, SHIB’s Open Interest totaled $22.06 million.When an asset’s Open Interest witnesses this kind of resurgence, it suggests that traders have begun opening new trading positions. 

Shiba Inu sees more ‘out-of-money’ investors than Dogecoin

#Shiba Inu [SHIB] has a higher percentage of “out of money investors” compared to its rival #Dogecoin [DOGE], according to data from IntoTheBlock.Information from the data provider showed that 875,000 wallet addresses that hold a total of 797 trillion SHIB coins do so at a loss. This makes up 66% of all SHIB holders.Conversely, only 377,000 addresses, accounting for 28.44% of all coin holders and holding 146 trillion SHIB coins, are in profit.On the other hand, DOGE has a higher number of investors in profit. As of this writing, 48% of all the meme coin holders do so at a profit, while 39% of them are at a loss.SHIB sees dwindling demandAMBCrypto reported earlier that DOGE witnessed a surge in new demand in the last week. Over the seven-day period considered, over 890,000 new accounts were created to trade the meme coin.On-chain assessment of SHIB’s network activity revealed that the opposite has occurred.Data from IntoTheBlock showed that in the last week, the daily count of new addresses created to trade the Doge killer plummeted by 5%. Due to this, the total number of addresses involved in SHIB transactions during the same period also saw an 18% dip. Assessed on a year-to-date (YTD), new demand for SHIB has fallen by 19%. This was gleaned from its new adoption rate metric, which has experienced significant swings since the year started.Once the number of active addresses trading an asset plunges, there is a corresponding decline in the total count of transactions.Data from IntoTheBlock showed a 17%  decrease in SHIB’s daily transactions in the last week alone. On a YTD basis, it has fallen by 21%.A significant correlation exists between an asset’s network activity and its price performance. SHIB’s low demand since the year began has negatively impacted its price.According to data from CoinMarketCap, the alt’s value has dropped by 10% since the 1st of January.SHIB’s Open Interest sees growthFollowing an extended period of decline in January, SHIB’s Futures Open Interest has rebounded and trended upward since the new month began. According to data from Coinglass, the coin’s Futures Open Interest has risen by 38% since the 29th of January. At press time, SHIB’s Open Interest totaled $22.06 million.When an asset’s Open Interest witnesses this kind of resurgence, it suggests that traders have begun opening new trading positions. 
Shiba Inu's Shibarium Skyrockets 254% in New Accounts Activity In a stunning turn of events, #Shiba Inu's Layer-2 blockchain solution, Shibarium, has experienced an extraordinary surge, recording a jaw-dropping 254% increase in new accounts activity over the last three days.According to Shibariumscan, the number of new accounts per day skyrocketed from 24 on Feb. 1 to an impressive 61 on Feb. 3, bringing the total account count for Shiba Inu's L2 to an impressive 63,162.Such spikes in network usage often act as precursors to significant fluctuations in the prices of associated cryptocurrencies.Source: ShibariumscanHowever, the Shiba Inu ecosystem adds an intriguing twist to the narrative. Unlike other blockchain networks where the native token typically takes center stage, Shibarium's primary cryptocurrency is not SHIB but BONE.Shiba Inu's #BONE BONE, serving as the token for gas tolls and validator stakes within the Shibarium ecosystem, may emerge as the dark horse benefiting from this surge in new accounts. While the spike may not guarantee Shiba Inu's overall success, it has the potential to bring positive momentum to BONE's market quotations.BONE to USD by CoinMarketCapInvestors and enthusiasts better closely monitor the performance of BONE in the coming days, as the increased interest in Shibarium could mark a pivotal moment for the lesser-known cryptocurrency.As the Shiba Inu ecosystem continues to evolve, it is clear that the spotlight is shifting, and BONE might be the token to watch as it rides the wave of Shibarium's recent activity surge.#Write2Earn #TrendingTopic #ShibariumScan

Shiba Inu's Shibarium Skyrockets 254% in New Accounts Activity

In a stunning turn of events, #Shiba Inu's Layer-2 blockchain solution, Shibarium, has experienced an extraordinary surge, recording a jaw-dropping 254% increase in new accounts activity over the last three days.According to Shibariumscan, the number of new accounts per day skyrocketed from 24 on Feb. 1 to an impressive 61 on Feb. 3, bringing the total account count for Shiba Inu's L2 to an impressive 63,162.Such spikes in network usage often act as precursors to significant fluctuations in the prices of associated cryptocurrencies.Source: ShibariumscanHowever, the Shiba Inu ecosystem adds an intriguing twist to the narrative. Unlike other blockchain networks where the native token typically takes center stage, Shibarium's primary cryptocurrency is not SHIB but BONE.Shiba Inu's #BONE BONE, serving as the token for gas tolls and validator stakes within the Shibarium ecosystem, may emerge as the dark horse benefiting from this surge in new accounts. While the spike may not guarantee Shiba Inu's overall success, it has the potential to bring positive momentum to BONE's market quotations.BONE to USD by CoinMarketCapInvestors and enthusiasts better closely monitor the performance of BONE in the coming days, as the increased interest in Shibarium could mark a pivotal moment for the lesser-known cryptocurrency.As the Shiba Inu ecosystem continues to evolve, it is clear that the spotlight is shifting, and BONE might be the token to watch as it rides the wave of Shibarium's recent activity surge.#Write2Earn #TrendingTopic #ShibariumScan
RIPPLE (XRP) ON THE VERGE OF A BREAKOUT AS ALGOTECH (ALGT) GOES FOR HIGHER PRICE Target's CONTENTS1. TLDR2. Ripple (XRP) Moving in a Positive Direction3. Algotech’s (ALGT) Price to Quickly Increase ValueRipple (XRP) is making a positive step as the crypto market recovers. Similarly, Algotech (ALGT), which is considered by many experts to be the best DeFi to invest in, is increasing in value as it generates $1.1 million in two days during its seed sale at a $0.02 price. Read this article to learn more about Ripple (XRP) and Algotech (ALGT).TLDRThe XRP crypto price keeps increasing.The Algotech (ALGT) price is set to surge.Ripple (XRP) Moving in a Positive DirectionXRP’s value seems to be increasing as it gained 10% by moving from $0.49 on January 25, 2024, to $0.54 on January 30. Nonetheless, the increase in Ripple’s (XRP) price has not fully convinced investors, as many whales remain nervous to invest.Although some traders believe the XRP crypto price will break out around $0.6, market metrics paint a different picture. As such, many whales are observing XRP to see how it evolves in the coming days before committing their resources.In more positive news, the XRP project is on the verge of expanding its team all around the world. These roles at XRP include senior product manager DeFi, senior software engineer, and senior software engineer in London, Bangalore, and Toronto, respectively.XRP’s mother company’s recruitment comes after it hired 55 individuals in different fields, including legal, marketing, information technology, finance, business development, engineering, and more. All these hires should send a positive signal to investors that XRP is looking to expand, potentially adding value to the XRP crypto price.Algotech’s (ALGT) Price to Quickly Increase ValueAlgotech (ALGT) recently began a cryptocurrency ICO that promises to be successful after raising $1.1 million in a few days of private sale. For this seed sale, Algotech’s (ALGT) value was $0.02. After increasing to a value of $0.04, Algotech (ALGT) transitioned to Stage 1 of its public presale.As Algotech (ALGT) increases in value, it should move from Stage 1 until it gets to Stage 4 of the public presale. As such, investors who invest in Stage 1, Stage 2, Stage 3, or Stage 4 of the Algotech (ALGT) public presale should have a potential ROI of a maximum of 275%. Being on the ERC20 token list, individuals who want to take advantage of this investment opportunity can access Algotech (ALGT) via the Ethereum network.There are various benefits and privileges that come with owning Algotech (ALGT) cryptocurrency. Therefore, owning Algotech (ALGT) means shareholders have ownership and governance rights. In addition, investors will periodically collect profit as dividends.Algotech (ALGT) generates profit for its shareholders by offering algorithms for a 30% performance fee. Part of the profit-driven from Algotech (ALGT) usually goes into funding research and development of futuristic strategies, including hedging and mean reversion.#Algotech #xrp #RippleTrends #Ripple

RIPPLE (XRP) ON THE VERGE OF A BREAKOUT AS ALGOTECH (ALGT) GOES FOR HIGHER PRICE Target's

CONTENTS1. TLDR2. Ripple (XRP) Moving in a Positive Direction3. Algotech’s (ALGT) Price to Quickly Increase ValueRipple (XRP) is making a positive step as the crypto market recovers. Similarly, Algotech (ALGT), which is considered by many experts to be the best DeFi to invest in, is increasing in value as it generates $1.1 million in two days during its seed sale at a $0.02 price. Read this article to learn more about Ripple (XRP) and Algotech (ALGT).TLDRThe XRP crypto price keeps increasing.The Algotech (ALGT) price is set to surge.Ripple (XRP) Moving in a Positive DirectionXRP’s value seems to be increasing as it gained 10% by moving from $0.49 on January 25, 2024, to $0.54 on January 30. Nonetheless, the increase in Ripple’s (XRP) price has not fully convinced investors, as many whales remain nervous to invest.Although some traders believe the XRP crypto price will break out around $0.6, market metrics paint a different picture. As such, many whales are observing XRP to see how it evolves in the coming days before committing their resources.In more positive news, the XRP project is on the verge of expanding its team all around the world. These roles at XRP include senior product manager DeFi, senior software engineer, and senior software engineer in London, Bangalore, and Toronto, respectively.XRP’s mother company’s recruitment comes after it hired 55 individuals in different fields, including legal, marketing, information technology, finance, business development, engineering, and more. All these hires should send a positive signal to investors that XRP is looking to expand, potentially adding value to the XRP crypto price.Algotech’s (ALGT) Price to Quickly Increase ValueAlgotech (ALGT) recently began a cryptocurrency ICO that promises to be successful after raising $1.1 million in a few days of private sale. For this seed sale, Algotech’s (ALGT) value was $0.02. After increasing to a value of $0.04, Algotech (ALGT) transitioned to Stage 1 of its public presale.As Algotech (ALGT) increases in value, it should move from Stage 1 until it gets to Stage 4 of the public presale. As such, investors who invest in Stage 1, Stage 2, Stage 3, or Stage 4 of the Algotech (ALGT) public presale should have a potential ROI of a maximum of 275%. Being on the ERC20 token list, individuals who want to take advantage of this investment opportunity can access Algotech (ALGT) via the Ethereum network.There are various benefits and privileges that come with owning Algotech (ALGT) cryptocurrency. Therefore, owning Algotech (ALGT) means shareholders have ownership and governance rights. In addition, investors will periodically collect profit as dividends.Algotech (ALGT) generates profit for its shareholders by offering algorithms for a 30% performance fee. Part of the profit-driven from Algotech (ALGT) usually goes into funding research and development of futuristic strategies, including hedging and mean reversion.#Algotech #xrp #RippleTrends #Ripple
February crypto outlook: Shiba Inu (SHIB), Retik Finance (RETIK), and Bonk (BONK) emerge as top buysFebruary crypto outlook: Shiba Inu (SHIB), Retik Finance (RETIK), and Bonk (BONK) emerge as top buysAs we step into February 2024, the cryptocurrency market continues to intrigue investors with its dynamic shifts and promising opportunities. Renowned crypto analysts and market insiders are pointing towards potential breakout stars for the month, including Shiba Inu (SHIB), Retik Finance (RETIK), and #Bonk (BONK). Let's delve into the insights shaping the February crypto outlook and why these assets are emerging as top buys.#Shiba Inu (SHIB) Signals Bullish MomentumAccording to crypto analyst Ali Martinez, the TD Sequential indicator, known for its accuracy in forecasting price dynamics, is currently signalling a buy for Shiba Inu (SHIB). This indicator suggests a potential upswing for SHIB, drawing attention from traders and enthusiasts alike. Martinez speculates that SHIB may experience an ascent, with price levels potentially reaching $0.010 or even surging to $0.011. Such projections ignite interest in the SHIB market, with investors closely monitoring developments for lucrative opportunities. The insights provided by Martinez position Shiba Inu as a compelling choice for investors eyeing February's crypto landscape. Moreover, SHIB KNIGHT, an insider in the Shiba Inu community, highlights a significant development on the 2H chart, indicating a reversal in SHIB's downtrend. This analysis hints at a possible sudden and substantial price surge for SHIB, adding to the bullish sentiment surrounding the token. Additionally, Lucie, Shiba Inu's marketing lead, unveils ambitious plans for the Shibarium ecosystem, aiming to integrate 1,000 new projects. Such strategic initiatives underscore SHIB's potential for growth and adoption, cementing its status as a top buy for February 2024.Retik Finance (RETIK): Poised for Remarkable GrowthAs Retik Finance (RETIK) advances through its presale stages, its current trading price of $0.10 reflects an impressive all-time profit of over 233.33%. This notable performance captures the attention of market analysts who foresee further growth potential of over 50% for RETIK in February. The project's momentum is fueled by its Certik certifications and prominent presence on platforms like CoinMarketCap and CoinGecko, which enhance its visibility and credibility within the crypto community. This solidifies RETIK's standing as a top buy for February 2024, offering investors the prospect of significant returns. Looking ahead, Retik Finance has ambitious plans for future development, including its scheduled listing on two major centralised exchanges in Q3 2024. These forthcoming milestones signal a continued trajectory of growth and expansion for #RETIK , positioning it as an attractive long-term investment opportunity. With a solid foundation, strategic partnerships, and a clear roadmap for advancement, Retik Finance remains poised to capture further market share and deliver value to its stakeholders beyond the confines of February, cementing its status as a promising asset in the crypto landscape.

February crypto outlook: Shiba Inu (SHIB), Retik Finance (RETIK), and Bonk (BONK) emerge as top buys

February crypto outlook: Shiba Inu (SHIB), Retik Finance (RETIK), and Bonk (BONK) emerge as top buysAs we step into February 2024, the cryptocurrency market continues to intrigue investors with its dynamic shifts and promising opportunities. Renowned crypto analysts and market insiders are pointing towards potential breakout stars for the month, including Shiba Inu (SHIB), Retik Finance (RETIK), and #Bonk (BONK). Let's delve into the insights shaping the February crypto outlook and why these assets are emerging as top buys.#Shiba Inu (SHIB) Signals Bullish MomentumAccording to crypto analyst Ali Martinez, the TD Sequential indicator, known for its accuracy in forecasting price dynamics, is currently signalling a buy for Shiba Inu (SHIB). This indicator suggests a potential upswing for SHIB, drawing attention from traders and enthusiasts alike. Martinez speculates that SHIB may experience an ascent, with price levels potentially reaching $0.010 or even surging to $0.011. Such projections ignite interest in the SHIB market, with investors closely monitoring developments for lucrative opportunities. The insights provided by Martinez position Shiba Inu as a compelling choice for investors eyeing February's crypto landscape. Moreover, SHIB KNIGHT, an insider in the Shiba Inu community, highlights a significant development on the 2H chart, indicating a reversal in SHIB's downtrend. This analysis hints at a possible sudden and substantial price surge for SHIB, adding to the bullish sentiment surrounding the token. Additionally, Lucie, Shiba Inu's marketing lead, unveils ambitious plans for the Shibarium ecosystem, aiming to integrate 1,000 new projects. Such strategic initiatives underscore SHIB's potential for growth and adoption, cementing its status as a top buy for February 2024.Retik Finance (RETIK): Poised for Remarkable GrowthAs Retik Finance (RETIK) advances through its presale stages, its current trading price of $0.10 reflects an impressive all-time profit of over 233.33%. This notable performance captures the attention of market analysts who foresee further growth potential of over 50% for RETIK in February. The project's momentum is fueled by its Certik certifications and prominent presence on platforms like CoinMarketCap and CoinGecko, which enhance its visibility and credibility within the crypto community. This solidifies RETIK's standing as a top buy for February 2024, offering investors the prospect of significant returns. Looking ahead, Retik Finance has ambitious plans for future development, including its scheduled listing on two major centralised exchanges in Q3 2024. These forthcoming milestones signal a continued trajectory of growth and expansion for #RETIK , positioning it as an attractive long-term investment opportunity. With a solid foundation, strategic partnerships, and a clear roadmap for advancement, Retik Finance remains poised to capture further market share and deliver value to its stakeholders beyond the confines of February, cementing its status as a promising asset in the crypto landscape.

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